Multiple Choice
You own a stock that has produced an arithmetic average return of 5.6 percent over the past five years. The annual returns for the first four years were 15, 10, −18, and 8 percent, respectively. What was the rate of return on the stock in year five?
A) −5.00%
B) 2.75%
C) 6.25%
D) 13.00%
E) 32.00%
Correct Answer:
Verified
Correct Answer:
Verified
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